Legal
March 7, 2023
Probe into PokerStars Results in $4M Settlement with US SEC
It was back in 2020 when the gaming and entertainment giant, Flutter Entertainment, purchased PokerStars from The Stars Group. This deal expanded further the brands owned by Flutter but brought unexpected consequences, a report released by the US Securities and Exchange Commission (SEC) reveals. On Monday, the SEC issued a statement claiming that it uncovered […]
Blockchain
November 11, 2022
FTX Runs into More Trouble as DoJ, SEC Launch Investigations
FTX is facing one trouble after another. The cash-strapped cryptocurrency exchange has been going through some rough times. Not only did Binance pull out of a proposed takeover deal but is the company now facing an investigation by the Department of Justice and the US Securities and Exchange Commission over criminal activity and securities offenses. […]
Business
June 14, 2022
Former Penn National Employee Charged by USA SEC With Insider Trading
A former software engineer has caught SEC’s eye trading based on the company’s future acquisition plans. Insider Trading in Face of Acquisition The Securities and Exchange Commission (SEC) announced it is charging former director of backend architecture at Penn Interactive Ventures (PIV) David Roda, aged 36, with insider trading. Charges stem from the company’s acquisition […]
Business
August 30, 2021
Caesars Entertainment Holds 24.5% Stake at NeoGames
A Schedule 13G filing with the Securities and Exchange Commission (SEC) revealed Caesars Entertainment acquired a significant stake in iLottery provider NeoGames. Stake in NeoGames The SEC filing revealed that Friday, Caesars acquired 6.12 million shares of the Israeli company as part of the multi-billion acquisition of William Hill, having a 24.5% stake in NeoGames’ […]
Legal
August 9, 2021
SEC Investigating DraftKings over SBTech Acquisition
When known short-seller Hindenburg Research blasted DraftKings in June over its acquisition of SBTech, a certain amount of fallout was expected. It doesn’t take long before a few overzealous shareholders went on the offensive and sued the sports betting and fantasy sports giant, but the troubles don’t stop there. DraftKings is now under investigation by […]
Blockchain
June 23, 2021
New Treasury Department Undersecretary Nominee to Bring Crypto in Line with AML
President Biden’s nominee for the Treasury Department’s terrorism and financial intelligence arm, Brian Nelson, vows to create the necessary crypto regulations to meet AML goals if confirmed. Regulating AML and Crypto Is Nelson’s Main Objective After the US Securities and Exchanges Commission (SEC) recused itself of regulating cryptocurrencies, or at least stated that it would not be looking too […]
Business
June 16, 2021
Regulators and Prosecutors Raise Charges for Insider Trading
The US Attorney’s Office in San Francisco charged a group of 6 people Tuesday with trading on inside information to earn a combined $1.7 million, Wall Street Journal reported. Infinera Quarterly Earnings Tips Authorities charged 3 of the men in federal criminal court for their involvement in the sharing of unlawful stock tips that allowed […]
Blockchain
June 14, 2021
SEC Agenda Features No Cryptocurrency Exchange Regulation
Fans of cryptocurrencies were left empty-handed after the Securities and Exchange Commission (SEC) released its spring and summer agenda last week, in which the topic of crypto regulation was non-existent. Gensler Comments Raised Expectations Expectations that the top US regulator will finally address the need for regulation of cryptocurrencies and raise the level of investor […]
Business
June 10, 2021
SEC Chair Warns Markets Change in Trading Rules Is Coming
Equity trading in the US is likely to undergo a major overhaul after a regulatory call for a broad review of stock trading rules is questioning legal mandates related to brokers, an article in Bloomberg speculates. Payments for Order Flow Staff at US Securities and Exchange Commission (SEC) was tasked to examine brokers’ requirements for […]
Blockchain
April 19, 2021
Ripple Wins First Round against SEC, Outcome Still Uncertain
Uncertainty prevails in the SEC v. Ripple Las lawsuit even though Ripple has won a monumental first-round victory by obtaining access to the regulator’s internal communication. Ripple Prepares for Next Round of SEC Legal Saga When the United States Securities and Exchange Commission (SEC) went after Ripple Labs, it all seemed but lost for the issuer of $XRP. […]